Are you in the process of choosing Gold Buyers in St. Louis? There are certainly a number of gold buyers advertising to get your attention in the St. Louis area today, but they are not all identical by any means. You can choose the gold buyer for any number of reasons, but you need to make absolutely certain of one thing: The most competitive loan rates in the area.
While gold buyers generally offer fairly similar prices on gold and silver, you might be surprised at just how much a seemingly small difference will add up when you are selling a good amount of precious metals. The spot price, which indicates the market value for gold at this time, is what gold buyers should base their buying rates on. The gold buyers do not buy precious metals for the entire spot price because this would make it impossible for them to make a profit.
However, reputable and established Gold Buyers in St. Louis will usually offer you a gold price that is pretty close to the spot price. This is one of the few areas where you can get back most of the money (sometimes even more than you paid depending on the current precious metals market!) from your gold investment. You can resell gold bullion bars, gold coins, or gold jewelry. The actual condition of the gold is not usually very important as long as the gold can be returned to its original condition. Essentially, this means that as long as the gold can be melted down it will be worth money. Almost all gold is melted down once the buyer receives it because it can be best sold in its solid form rather than in the form of custom jewelry, for example.
When you visit a company like the Sam Light Loan Company, you should take along your gold and other precious metals for evaluation. Ask your gold buyer exactly how the evaluation is done. If you are selling jewelry with stones in it, ask the gold buyer how much weight will be deducted for the stones. Usually a gold price is not negotiable since reputable gold buyers like those at Sam Light believe in giving you the very best price right from the beginning.
